The Financial Side of Labor Management
In the previous articles, we have had a look at tangible and measurable variables that contribute to operating costs. We discussed how inventory control, portion control, budgeting and other sound business management practices work together to keep food costs down to a reasonable percentage of gross sales.
We have also had a brief look at labor costs and their contribution to overhead expenses. Now it’s time to take a closer look at the financial side of labor management and how effective scheduling can keep labor costs under control without negatively affecting the customer’s experience.
One of the most important tasks that any manager faces is staff scheduling. Oddly enough, as important as this task is, few managers receive any formal training in personnel scheduling. It’s something they are simply expected to know how to do. Unfortunately, many restaurant managers do not understand how to effectively schedule staff , and this costs the restaurant money and contributes to the amount of frustration among the managers and employees.
How long does it take to make an employee schedule? It should take less than 5 minutes! Did you know that labor costs could be as much as 30% of your expenses? TimeForge can help streamline and minimize labor costs through effective employee scheduling at your restaurant, bar, or club.